People do not want to realize that after massive Bitcoin bull run always comes a correction.


Spoiler: we may retrace to 6700-6500 and all still will be ok.

Ok for those who want to read more I can say that weekly situation is bullish. Yes we got a rejection from weekly Ichimoku cloud but we have so many support areas that it is hard to say: we will fall and retest 3k or even 1k. It is nonsense to say about such a Bitcoin price movement.

First, we need to clear out weekly support on 7900, then we need to lower into 7200 and then into 5900. And only after we breach 5900 we can say, that we will go to test 4k again on the Bitcoin price movement. In a daily phase, we should go to retest 7900 and it would be very good. If we bounce from 7900 it would be a super bullish Bitcoin price movement action that could lead us for a new bull run but don't rush. We have stuck on an h4 Ichimoku support cloud so this gives us a chance to bounce for a corrective move. Will, it happens, don't know, need time to see it. There is a high possibility that we will start afresh bounce right now or a bit lower so lower time frames should be checked.

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